Liability limited by a scheme approved under Professional Standards Legislation.

Member of Deloitte Touche Tohmatsu Limited

3

Deloitte Touche Tohmatsu

ABN 74 490 121 060

Grosvenor Place

225 George Street

Sydney NSW 2000

PO Box N250 Grosvenor Place

Sydney NSW 1217 Australia

DX 10307SSE

Tel: +61 (0) 2 9322 7000

Fax: +61 (0) 2 9322 7001

www.deloitte.com.au

The Board of Directors

Jaguar Land Rover Australia Pty Ltd

Level 1, 65 Epping Road

North Ryde NSW 2113

27 May 2016

Dear Board Members

Jaguar Land Rover Australia Pty Ltd

In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following declaration of

independence to the directors of Jaguar Land Rover Australia Pty Ltd.

As lead audit partner for the audit of the financial statements of Jaguar Land Rover Australia Pty Ltd for the

financial year ended 31 March 2016, I declare that to the best of my knowledge and belief, there have been no

contraventions of:

(i) The auditor independence requirements of the Corporations Act 2001 in relation to the audit

(ii) Any applicable code of professional conduct in relation to the audit.

Yours sincerely

DELOITTE TOUCHE TOHMATSU

Margaret Dreyer

Partner

Chartered Accountants

Liability limited by a scheme approved under Professional Standards Legislation.

Member of Deloitte Touche Tohmatsu Limited

23

Deloitte Touche Tohmatsu

ABN 74 490 121 060

Grosvenor Place

225 George Street

Sydney NSW 2000

PO Box N250 Grosvenor Place

Sydney NSW 1217 Australia

DX 10307SSE

Tel: +61 (0) 2 9322 7000

Fax: +61 (0) 2 9322 7001

www.deloitte.com.au

Independent Auditor’s Report

to the members of Jaguar Land Rover Australia Pty Ltd

We have audited the accompanying financial report, being a special purpose financial report, of Jaguar Land Rover

Australia Pty Ltd, which comprises the statement of financial position as at 31 March 2016, the statement of profit

or loss and other comprehensive income, the statement of cash flows and the statement of changes in equity for the

year ended on that date, notes comprising a summary of significant accounting policies and other explanatory

information, and the directors’ declaration as set out on pages 4 to 22.

Directors’ Responsibility for the Financial Report

The directors of the company are responsible for the preparation of the financial report that gives a true and fair

view and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to

meet the requirements of the Corporations Act 2001 and is appropriate to meet the needs of the members. The

directors’ responsibility also includes such internal control as the directors determine is necessary to enable the

preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due

to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We have conducted our audit

in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical

requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether

the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial

report. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material

misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor

considers internal control relevant to the entity’s preparation of the financial report that gives a true and fair view, in

order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an

opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of

accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating

the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit

opinion.

Auditor’s Independence Declaration

In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. We

confirm that the independence declaration required by the Corporations Act 2001, which has been given to the

directors of Jaguar Land Rover Australia Pty Ltd would be in the same terms if given to the directors as at the time

of this auditor’s report.

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Opinion

In our opinion, the financial report of Jaguar Land Rover Australia Pty Ltd is in accordance with the Corporations

Act 2001, including:

(a) giving a true and fair view of the company’s financial position as at 31 March 2016 and of its

performance for the year ended on that date; and

(b) complying with Australian Accounting Standards to the extent described in Note 1, and the

Corporations Regulations 2001.

Basis of Accounting

Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of

accounting. The financial report has been prepared for the purpose of fulfilling the directors’ financial reporting

responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another

purpose.

DELOITTE TOUCHE TOHMATSU

Margaret Dreyer

Partner

Chartered Accountants

Sydney, 27 May 2016